According to Future Market Insights research, during the projected forecast period, the Processed Cheese Market is expected to grow at a CAGR of 3.8%. The market value projected to increase is from USD 15.9 Billion in 2022 to USD 23.2 Billion by 2032. The Processed Cheese market was valued at USD 15.5 Billion at the end of 2021 and is anticipated to demonstrate Y-o-Y growth of 2.9% in 2022.
| Attribute | Details |
|---|---|
| Market Size Value in 2022 | USD 15.9 Billion |
| Market Forecast Value in 2032 | USD 23.2 Billion |
| Global Growth Rate (2022 to 2032) | 3.8% CAGR |
| Forecast Period | 2022 to 2032 |
| USA market share of Processed Cheese | 34.7% |
Cheese that has been processed is manufactured from raw materials that include salt, whey, and emulsifiers. As a result, processed cheese has various flavors and textures. To eliminate fatty froth from the surface of the processed cheese, an emulsifier is used.
These emulsifiers may contain potassium phosphate, tartrate, or sodium citrate. They also prevent oil from separating when heated and ensure smooth, clump-free melting of processed cheese. Because of this, processed cheese often has a creamier texture and it is an excellent option for cooking compared to raw cheese.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
In the Historical outlook of the Processed Cheese market, the value increased from USD 13.5 Billion in 2017 to USD 15.5 Billion in 2021. The CAGR (2017 to 2021) is observed to be 3.4%.
Despite making up a very small portion of the world's total cheese production, the burgeoning fast-food trend has significantly increased demand for processed cheese and will do so going forward. Processed cheese is employed in both fast food items and regional cuisine because of its distinctive flavor.
The branding and affordability of processed cheese are two important elements influencing its rising consumption. Due to these commercial factors, more consumers are choosing processed cheese as their preferred cheese.
For the Future projection of the Processed Cheese market, the value increased from USD 15.9 Billion in 2022 to USD 23.2 Billion in 2032. The CAGR (2022 to 2032) is estimated to be 3.8%.
North America dominates the market by securing 34.7% of the share during the forecast period. The USA is top on leading the market in the region. Due to changing lifestyles, the dietary habits of consumers, and the increasing demand for convenience food, the USA processed cheese market share is likely to upsurge during the forecast period.
The USA market is growing rapidly due to increased demand for ready-to-eat food products such as sandwiches, snacks, and among others.
The prominent factor that highlights the market growth is the rising production of flavored cheese in the USA In addition, due to changes in flavor and experimenting with the exotic flavors of cheese in the food, food manufacturers and dairy owners are making these flavored cheese to increase production with rising sales of processed cheese in the USA market.
Principal Consultant
Europe is likely to secure a significant share of the processed cheese market by securing 29.0% of the share during the forecast period. In the region, the countries such as the United Kingdom, Germany, and Spain are the leading producer of cheese, which acquire the maximum share in the region.
In addition, other factors such as the growing demand for convenience, increasing disposable incomes of consumers, and the growing population of working women boosts the United Kingdom Processed cheese market size. Moreover, the rising consumption of processed cheese and increasing demand for processed cheese by fast food industries are growing the United Kingdom processed cheese market share during the forecast period.
The Asia Pacific processed cheese market is driven by the growing food & beverage industry in the region. The region has a large population and a rapidly growing economy, which has resulted in increased spending on processed food products.
Korea is one of the leading countries in the Asia Pacific, which drives the market by securing a significant share during the forecast period. Several key industries are strengthening the market through acquisition and partnership in the food industry. However, growing disposable income, craving for processed cheese food, and change in taste are the factors that are surging the Korean processed cheese market growth during the forecast period. Moreover, growing western culture food and demand for dairy-based products in the country are expected to flourish the market size in recent years.
Japan is likely to secure nearly 7.2% of its share in the global processed cheese market. The rising restaurants and food industry brands such as Pizza Hut, Domino’s, and Burger King are rising the adoption of processed cheese in Japan. In addition, several key players are investing in these industries to maximize their profit share in Japan.
The manufacturers in Japan are developing the best quality cheese product with reasonable processed cheese prices. Recently, these manufacturers have been making cheese into different processed cheese slices, and processed cheese cubes are the new technology to increase the sales of processed cheese in the market. However, Japan is likely to advance the processed cheese market share in recent years.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The major factors driving the growth of processed cheese in the North America market are the changing lifestyle and dietary habits of consumers, and the increasing demand for convenience food.
The USA Processed Cheese market is growing rapidly due to increased demand for ready-to-eat food products such as Sandwiches, Snacks, etc.
The USA contributes 34.7% of the total revenue for the Processed Cheese Market.
The European processed cheese market is driven by factors such as the growing demand for convenient and ready-to-eat food products, the increasing disposable incomes of consumers, and the growing population of working women. However, the market is restrained by the health concerns associated with processed cheese.
Germany contributes 29.0% to the Processed Cheese market and United Kingdom CAGR for the forecast period is 3.6%.
The Asia Pacific processed cheese market is driven by the growing food & beverage industry in the region. The region has a large population and a rapidly growing economy, which has resulted in increased spending on processed food products.
Japan's contribution to the Processed Cheese market is 7.2% of the total market share, India and China are market drivers in the Asia Pacific and their latest CAGR in the Processed Cheese market is 4.5% and 6.0% respectively.
Though the Latin American processed cheese market is currently in a state of growth, it is expected to soon plateau. This is due in large part to the fact that many of the key players in the region are already well-established, and so there is little room for new entrants to make an impact.
As a result, prices are likely to remain stable in the coming years. This stability will provide an opportunity for consumers to seek out quality products at a reasonable price point.
Australia is a key player in the global Processed Cheese market with a market share of 2.8%.
The growing demand for processed cheese from the food service industry is one of the major factors driving the growth of the market in Australia. Moreover, the increasing popularity of processed cheese among consumers due to its longer shelf life is also fuelling market growth in Australia.
Processed cheese is a type of cheese that has been treated with chemicals and other additives in order to prolong its shelf life. Processed cheese is often sold in pre-packaged slices, and it can be found in many different colors and flavors.
Processed cheese has a number of uses, including being used as a sandwich spread, melted on top of vegetables or meats, or as an ingredient in recipes. Processed cheese can also be eaten on its own as a snack food.
Processed cheese is a versatile ingredient that can be used in both sweet and savory dishes. In sweet dishes, processed cheese can be used as a filling for pies and pastries. It can also be used to make savory dishes, such as macaroni and cheese or nachos.
Natural cheese is the base for processed cheese, which is then mixed with various flavorings and emulsifiers. This sort of cheese often has a softer, more consistent texture and a longer shelf life than ordinary cheese.
Contrarily, traditional cheese is produced using milk that has first been curdled and then matured. Traditional cheeses can acquire their own characteristics through maturing.
Due to their busy lifestyles and inability to prepare their preferred foods, consumers all over the world favor ready-to-eat food products. These factors raised the desire for convenience meals, which in turn increased the consumption of processed cheese.
In developing countries where the fast food sector is just starting to take off and processed cheese is becoming more and more popular. While the ability of the manufacturer to adjust to shifts in consumer preferences will determine whether the processed cheese business can grow in developed nations.
However, as economic conditions have improved, there is a growing market for gourmet and artisan cheeses, which has the potential to cut into the processed cheese business. Major players in the processed cheese business are introducing new types in formats like cheese spreads that offer more variety and are anticipated to draw in a sizable client base.
In order to draw in more customers and include more products suitable for various demographics, businesses are largely focusing on diversifying their product lineup. Additionally, processed cheese markets benefit from a trustworthy supply chain because dairy companies operate as integrated units.
A number of dairy co-operatives, who have expanded their operating activities to encompass a wide array of dairy products, including processed cheese, are firmly planning to allocate milk to the production of various cheese-related goods.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD Billion for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa(MEA); RoW |
| Key Countries Covered | USA, Canada, Mexico, Germany, United Kingdom, France, Italy, Russia, Brazil, Argentina, Japan, Australia, New Zealand, China, India, South Korea, South Africa |
| Key Segments Covered | Form, Application, End-user, Sales Channel, Region |
| Key Companies Profiled | Almarai Company; Amul; Associated Milk Producers Inc.; Britannia Industries Ltd.; Arla Foods amba; Bel Group; Fonterra Co-operative Group Ltd.; The Kraft Heinz Co.; Saputo Inc.; Groupe Lactalis; Savencia SA.; Bega Cheese Ltd.; Saputo Dairy Australia Pty Limited; Kraft Heinz Company; Lion Dairy & Drinks Pty Ltd. |
| Report Coverage | Drivers, Restraints, Opportunities and Threats Analysis, Market Forecast, Company Share Analysis, Market Dynamics and Challenges, Competitive Landscape, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global Processed Cheese market will reach a valuation of USD 15.9 Billion by the end of 2022.
The USA Processed Cheese Market is contributing 34.7% of the total market share which is valued at around USD 5.5 Billion.
USA, Canada, Germany, United Kingdom, France, Italy, Brazil, Argentina, China, Japan, India, and Australia are the major countries driving demand for the Processed Cheese Market.
Germany Processed Cheese Market is contributing 29.0% of the total market share which values at USD 4.6 Billion.
• Almarai Company • Amul • Associated Milk Producers Inc. • Britannia Industries Ltd. • Arla Foods amba Above are the top 5 market players in the Processed Cheese industry.
The Japan Processed Cheese market contribution is 7.2% of the total market share.
The India Processed Cheese market will grow at 4.5% CAGR between 2022 and 2032
The global Processed Cheese market is forecasted to surpass USD 23.2 Billion by the end of 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Analysis 2017 to 2021 and Forecast 2022 to 2032 5. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 5.1. Blue Cheese 5.2. Brick Cheese 5.3. Camembert Cheese 5.4. Cheddar Cheese 5.5. Cottage Cheese 5.6. Cream Cheese 5.7. Mozzarella Cheese 5.8. Romano Cheese 5.9. Swiss Cheese 5.10. Other 6. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Form 6.1. Cheese Blocks 6.2. Triangle 6.3. Rectangle 6.4. Circle 6.5. Square 6.6. Cheese Slice 6.7. Cheese Spread 6.8. Cheese Spray 7. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Source 7.1. Cattle Milk 7.2. Goat Milk 7.3. Sheep Milk 8. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Distribution Channel 8.1. B2B 8.2. B2C 8.2.1. Hypermarkets/Supermarkets 8.2.2. Convenience Stores 8.2.3. Specialty Stores 8.2.4. Traditional Groceries 8.2.5. Online Retailers 9. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use Application 9.1. Retail / Household 9.2. HoReCa 9.3. F&B Industry 10. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. Middle East and Africa (MEA) 11. North America Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Latin America Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Europe Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. East Asia Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. South Asia Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. Oceania Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 17. MEA Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 18. Key Countries Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Koninklijke FrieslandCampina N.V 20.2. Gilman Cheese Corporation 20.3. Arla Foods Amba 20.4. Almarai Company 20.5. Fonterra Co-operative Group Limited 20.6. Groupe Lactalis S.A. 20.7. Associated Milk Producers 20.8. Rumiano Cheese Co 20.9. AMUL 20.10. Sargento Foods, Inc. 20.11. Molkerei Ammerland Eg 20.12. Hilmar Cheese Company, Inc. 20.13. Savencia SA 20.14. Le Groupe Bel 20.15. Kraft Heinz 20.16. Megmilk Snow Brand Co Ltd. 20.17. Rokko Butter 20.18. Modern Mashrek 20.19. Other 21. Assumptions & Acronyms Used 22. Research Methodology
Explore Food and Beverage Insights
View Reports
Processed Cheese Market
